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BILL HINMANS SPEECH WAS NOT VIEWED BY THE CFTC AS JUST HIS OPINION


HAL1000
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Mr Gorfine CFTC - nobody from the SEC corrected these assumptions, because ultimately the corrupt at the SEC had managed to convince everyone else at the time, that this was the SEC's official position, including a lot of the people who worked at the SEC. The Stupid Enforcement Clowns, couldn't even work out what was or was not a security in the crypto space, so just went with, well Billy and JC seem to think ETH is not a security, so sounds OK to us, even though, JC & BH were pulling off the con of the century for themselves and their friends and that's technically what the SEC is supposed to prevent, corrupt stupid morons.

Edited by HAL1000
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9 hours ago, HAL1000 said:

Mr Gorfine CFTC - nobody from the SEC corrected these assumptions, because ultimately the corrupt at the SEC had managed to convince everyone else at the time, that this was the SEC's official position, including a lot of the people who worked at the SEC. The Stupid Enforcement Clowns, couldn't even work out what was or was not a security in the crypto space, so just went with, well Billy and JC seem to think ETH is not a security, so sounds OK to us, even though, JC & BH were pulling off the con of the century for themselves and their friends and that's technically what the SEC is supposed to prevent, corrupt stupid morons.

You have in fact pretty much outlined the official SEC position pretty well there.  It is that stupid!

Edited by Julian_Williams
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John Deaton's class action was filed largely because the SEC have alleged XRP itself is a security and any US citizen or company etc that touches XRP should be securities registered!

The SEC are acting like a bunch of gangsters at this point, making stuff up to suit themselves and talking out of both sides of their mouths at the same time. Once again, don't take my word for it:-

Of course, organized crime does exist, no matter how incompetent some of the people carrying out those crimes might be:-

And despite all this evidence and insanity around ETH, Gary Gensler a man who had 30,000+ people petition him to investigate JC and has 65,000 people now in a class action against HIS agency, still has fireside chats with JC and say's nothing. The SEC protecting investors, paid for by taxpayers, accountable to no one but themselves it seems.

How can a so-called professional regulatory agency, be this f'ed up, the simple answer is of course, incompetence and corruption.

Edited by HAL1000
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The boring part being no one cares outside XRP community, journalists could not care less, not one doing investigations. No one eagger to sue ethereum foundation like there were constantly suing Ripple.

Edited by namini
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It amazes me that the SEC has made it this far without showing a standard of care for all of us retail investors. 

With the thousands of cryptos that are actual scams and traded on exchanges, you would think that they would go after those tokens. 

It is beyond me. I truly question the competence of the people leading that agency. 

As for us, we are at the mercy of the judges. I don't think anyone cares about retail investors getting hurt. The SEC doesn't care. If they did care, they would have not allowed XRP to be traded for almost 8 years. They allowed ether, which is not fully functioning, to have an ICO. You really can't make this up. You would think there would be a stop to this. 

Gary Gensler does nothing. They stall this case and to our detriment. The SEC has hurt a lot of retail. One of the things that comforts me is that this scandal will absolutely be a part of jay Clayton's and Hinman's legacy. They deserve that. 

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18 minutes ago, namini said:

We should as a community make a symbolic action that gets noticed by the media and get coverage, not sure what.

I'm not sure there is much we can do. The SEC is very powerful, and we are just collateral damage at this point. 

If the Judges rule in our favor and declare XRP in the secondary market as not a security, then they would have saved us. The XRP ecosystem can thrive and we can safely participate. 

I come onto this board because it is my only outlet. I never speak money or investing in crypto with family, so this chat is my way to find others who can commiserate with my experience. I truly thought that XRP was my ticket because of how early we all "got in". To have been left out to dry by my own in the SEC is tremendously disappointing. I just want closure. Whether it goes to zero or not, I just want to know the ultimate status of XRP. I broke the most important rule of investing. I over did it and got emotionally tied to it. 

Shame on me. Lol.

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Not sure what to reply about the financial investment aspect, I've been in since 2013 so I've seen a lot, I agree with you whatever should happen will happen.

 

About "there is not much we can do"

=>

Sure there is not much we can do, except we can make noise. Make publicly heard that we are pissed about this, because currently barely any media have talked about this, not even to mention about the whole conflict of interest thing.

 

Xrp holders should gatters order collectively a stone statue of Gensler and have it delivered in front of the SEC.

(or something alike)

Edited by namini
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1 minute ago, namini said:

or pay for a cubesat mission, would make great coverage

 

 

Yep and when Doge 1 lands on the moon, hopefully his GF will break cover and make me millions :)

art7.jpg

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